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What is IDEX (IDEX)?

IDEX basic info

Name:IDEX

Ticker:

IDEXBuy now

Introduction:

What is Idex (IDEX)?

Idex is a decentralized exchange that combines an order book model with an automated market maker. By doing so, it can offer users the performance and features of a traditional order book model while maintaining the security and liquidity of an AMM. One unique aspect of Idex is that it uses an off-XCNUSDT">chain trading engine and on-chain trade settlement to create a more efficient trading experience. This approach eliminates failed trades and wasted gas fees, and front-running and sandwich attacks are not possible. This allows for more advanced order types and trading strategies. Currently, Idex runs on Ethereum and Binance Smart Chain, but it has plans to launch on second-layer solutions, Polkadot, and other blockchains in the future. Additionally, Idex plans to implement leverage trading and a referral program.

Who are the Founders of Idex (IDEX)?

The creators of Idex are CEO Alex Wearn and COO Phil Wearn, who bring a wealth of experience to the table. Alex Wearn has worked for prestigious companies such as Amazon, IBM, and Adobe and has an MBA from Kellogg School of Management. Phil Wearn has a background in accounting and astronautical engineering, as well as entrepreneurial experience. The team is rounded out by CTO Brian Yennie, a software engineer with over two decades of experience. The current Idex team consists of 29 individuals, according to their LinkedIn page. The exchange was launched in 2017, and its 2.0 version was released in the fall of 2020 after securing $2.5 million in seed funding from investors like G1 Ventures, Borderless Capital, Collider Ventures, and Gnosis.

What makes Idex Unique?

Idex has a unique approach to trading, using a combination of an order book model and an automated market maker. Its off-chain trading engine ensures the sequencing and performance of centralized exchanges, while trades are processed in an off-chain order book. This means users don't have to pay additional network costs for placing and canceling orders, and placements are processed in real-time, enabling more advanced trading and market-making strategies. The automated market maker guarantees liquidity by displaying virtual limit orders in the order book, and Idex uses smart contracts to decentralize fund custody and trade settlement. Trades are sequenced and settled on-chain with a delay, and users maintain custody and can make markets without additional infrastructure.

How is the Idex Network Secured?

Idex is an ERC-20 token on Ethereum, a popular blockchain that many decentralized applications and exchanges launch on. The DEX has undergone an audit by Quantstamp, a trusted name in blockchain security with experience working on projects such as Maker, Compound, and Avalanche. Idex has met high security standards and has not experienced any issues with cyber attacks so far. Ethereum is secured by a proof-of-stake consensus mechanism that requires validators to stake a certain amount of cryptocurrency to validate the network. Decentralized nodes validate transactions and ensure the security of the Ethereum blockchain.

Current price:

$0.03356More price details

All-time high:$0.9745

All-time low:$0.008559

IDEX supply and tokenomics

Circulating supply:807,489,000 IDEX

Total supply:1,000,000,000 IDEX

Max supply:0 IDEX

Market cap:$27.10M

Fully diluted market cap:$33.56M

Tokenomics:

Uniqueness

Idex takes a unique approach to combining an order book model with an automated market maker. To execute trades, Idex uses an off-chain trading engine that matches the performance of centralized exchanges and guarantees sequencing. Trades are processed in an off-chain order book. Only when a trade is matched and executed, the transaction is settled on-chain.

In doing so, users benefit from not having to pay additional network costs for placing and canceling orders. Furthermore, placements are processed in real-time, enabling more advanced trading and market-making strategies like stop-loss, post-only and fill-or-kill.

The automated market maker guarantees liquidity by displaying virtual limit orders in the order book together with real limit orders to visualize AMM liquidity in the order book model. Orders are usually settled as AMM only or as a hybrid between the AMM and limit order liquidity.

Idex uses smart contracts to decentralize fund custody and trade settlement. To enable the order book model, the smart contract executes trades off-chain but trades are settled on-chain with a delay. The smart contract acts as escrow and restricts the movement of funds until the settlement is finished. Furthermore, trades are sequenced, and a special function in the smart contract ensures funds cannot be restricted indefinitely. Moreover, the smart contract enforces ownership and authorization, meaning users maintain custody and can make markets without additional infrastructure.

Token utility

IDEX ($IDEX) is a DEX on Ethereum that combines an order book model with an automated market maker. The platform combines the advantage of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an AMM. IDEX allows traders to get the best spreads, avoid failed transactions, and easily provide liquidity, all with the power of real limit and stop-loss orders.

Links

Website:https://idex.io/

Whitepaper:https://docs.idex.io/

X:https://twitter.com/idexio

GitHub:https://github.com/idexio/IDEX

Buy IDEX for $1Buy IDEX now

What is the development prospect and future value of IDEX?

The market value of IDEX currently stands at $27.10M, and its market ranking is #719. The value of IDEX is not widely recognized by the market. When the bull market comes, the market value of IDEX may have great growth potential.

As a new type of currency with innovative technology and unique use cases, IDEX has broad market potential and significant room for development. The distinctiveness and appeal of IDEX may attract the interest of specific groups, thereby driving up its market value.

What will the price of IDEX be in 2025?

Based on IDEX's historical price performance prediction model, the price of IDEX is projected to reach $0.05753 in 2025.

What will the price of IDEX be in 2030?

In 2030, the IDEX price is expected to change by -11.00%. By the end of 2030, the IDEX price is projected to reach $0.08671, with a cumulative ROI of +155.38%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of IDEX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

IDEX price IDEX price prediction IDEX news

Is IDEX worth investing or holding? How to buy IDEX from a crypto exchange?

If you want to buy IDEX, the following information may be helpful for your investment decisions:

In the last 7 days, the price of IDEX has fallen by -3.58%, leading to negative returns for most IDEX investors. The market is currently pessimistic about the price trend of IDEX.

It is important to note that the current price of IDEX has retreated by -96.56% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether IDEX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in IDEX or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of IDEX, if you want to buy or sell IDEX, you can consider Bitget for your trading needs. The best place to buy IDEX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in IDEX has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy IDEX. Here's a step-by-step guide on how to buy IDEX on Bitget.

Buy IDEX now Coin buying guide

How to get IDEX through other methods？

Using cash to buy IDEX is not the only way to obtain IDEX. If you have the time to spare, you can get IDEX for free.

Learn how to earn IDEX for free through the Learn2Earn promotion.

Earn free IDEX by inviting friends to join Bitget's Assist2Earn promotion.

Receive free IDEX airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to IDEX through Bitget Convert, Bitget Swap, or spot trading.

What is IDEX used for and how to use IDEX?

The use case of IDEX may expand as the crypto market and the project itself develop. Currently, you can use IDEX to achieve the following goals:

Arbitrage by trading IDEX: Since IDEX is a frequently traded cryptocurrency, the price of IDEX is always fluctuating. Earn more IDEX by buying low and selling high on the exchange. Bitget spot market provides a variety of IDEX trading pairs to fully meet your needs.

Earn by staking IDEX: You can also generate income through financial management methods such as staking IDEX or lending IDEX. Bitget Earn offers a variety of financial products designed to help you earn more income from your IDEX.

Send or pay IDEX: If you want to give IDEX to your friends, a charity, or a fundraiser, or you want to pay someone with IDEX, you can quickly and easily send IDEX to the recipient through their payment address.

You can also go to the official website of the IDEX project to learn more about the use cases of IDEX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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